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President Trump said the just-released US jobs data were outstanding and had beaten all expectations except his own.
2026-09-04
President Trump said the just-released US jobs data were outstanding and had beaten all expectations except his own.
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2026-09-04
U.S. August nonfarm payrolls significantly exceeded expectations; equities opened mixed — Dow fell 0.38%, S&P 500 down 0.13%, Nasdaq up 0.02%. Large-cap techs diverged: Tesla (TSLA.O) -3.5%; Oracle (ORCL.N) +3.7%; ASML (ASML.O) ~+2%; NVIDIA (NVDA.O)
U.S. August nonfarm payrolls significantly exceeded expectations; equities opened mixed — Dow fell 0.38%, S&P 500 down 0.13%, Nasdaq up 0.02%. Large-cap techs diverged: Tesla (TSLA.O) -3.5%; Oracle (ORCL.N) +3.7%; ASML (ASML.O) ~+2%; NVIDIA (NVDA.O) and AMD (AMD.O) rose over 1%.
2026-09-04
President Trump said August payrolls rose 162,000 — far above expectations, “two to three times” forecasts — and urged the Federal Reserve to cut rates, arguing US credit conditions are now much stronger and the country should have among the world’s
President Trump said August payrolls rose 162,000 — far above expectations, “two to three times” forecasts — and urged the Federal Reserve to cut rates, arguing US credit conditions are now much stronger and the country should have among the world’s lowest interest rates. He warned that if rates are not lowered he will halt trade with countries running large trade surpluses, citing a recent Supreme Court tariff ruling as affirming presidential authority to act and calling such measures preferable to tariffs. He urged the Fed, under its new leadership, to act “patriotically,” saying high rates place the US at an unfair disadvantage.
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